National Flood Insurance Program Reauthorization and Reform Act of 2023
Latest action · Mar 12, 2024 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-548.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 22, 2023
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
National Flood Insurance Program Reauthorization and Reform Act of 2023
This bill generally revises the National Flood Insurance Program (NFIP) and reauthorizes the program through FY2026.
The bill addresses NFIP coverage, cost, and availability, including by
- generally prohibiting the Federal Emergency Management Agency (FEMA) from raising certain premiums, surcharges, and fees more than 9% a year for five years;
- revising flood insurance coverage limits;
- establishing a means-tested program to provide financial assistance to low-income households through policy discounts; and
- revising standards and certification requirements for flood insurance rate maps.
The bill also revises administrative provisions of the NFIP, including by
- allowing for the continuous operation of the NFIP during a lapse in appropriations, and
- prohibiting the Department of the Treasury from charging FEMA interest for NFIP debt for five years.
The bill sets forth requirements for Write Your Own companies related to reimbursements, agent commissions, and penalties for underpayment of claims. (A Write Your Own company writes and services federal standard flood insurance policies in its own name.)
The bill establishes state or tribal government revolving funds for flood mitigation activities and also provides for loans, grants, and other incentives regarding mitigation.
The bill also requires the creation of an appeals process for disputing NFIP premium rates.
Cosponsors 9
Members who signed on, in the order they did. Signatures ran from Jun 22, 2023 to Jul 13, 2023; 8 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-LA | Bill Cassidy | Original | Jun 22, 2023 |
| D-MD | Chris Van Hollen | Original | Jun 22, 2023 |
| R-MS | Cindy Hyde-Smith | Original | Jun 22, 2023 |
| D-NJ | Cory A. Booker | Original | Jun 22, 2023 |
| R-LA | John Kennedy | Original | Jun 22, 2023 |
| D-NY | Kirsten E. Gillibrand | Original | Jun 22, 2023 |
| R-FL | Marco Rubio | Original | Jun 22, 2023 |
| R-MS | Roger F. Wicker | Original | Jun 22, 2023 |
| R-TX | John Cornyn | Jul 13, 2023 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jun 22, 2023Hearings Mar 12, 2024 |
Actions 3
Everything that happened, newest first.
- Mar 12, 2024Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-548.
- Jun 22, 2023Introduced in Senate
- Jun 22, 2023Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S2766 | Bill Cassidy R-LA | Apr 16, 2024 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 118-591 | REAUTHORIZATION OF THE NATIONAL FLOOD INSURANCE PROGRAM: LOCAL PERSPECTIVES ON CHALLENGES AND SOLUTIONS116 pages | Banking, Housing, and Urban Affairs Committee | Jan 25, 2024 |
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R47628 | Housing Issues in the 118th Congress | Report | Jan 13, 2025 |
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1039 | National Flood Insurance Program Consultant Accountability Act of 2023 | Related bill | Mar 29, 2023 |
| S 3128 | National Flood Insurance Program Reauthorization and Reform Act of 2021 | Reintroduction of | Aug 4, 2022 |
| HR 4349 | National Flood Insurance Program Reauthorization and Reform Act of 2023 | Identical bill | Jun 26, 2023 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to reauthorize the National Flood Insurance Program, and for other purposes.
- Short Title(s) as Introduced
- National Flood Insurance Program Reauthorization and Reform Act of 2023
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Accounting and auditing
- Administrative law and regulatory procedures
- Administrative remedies
- Advisory bodies
- Alternative dispute resolution, mediation, arbitration
- Building construction
- Business records
- Congressional oversight
- Digital media
- Disaster relief and insurance
- Emergency planning and evacuation
- Executive agency funding and structure
- Federal Emergency Management Agency (FEMA)
- Federal-Indian relations
- Finance and Financial Sector
- Floods and storm protection
- Geography and mapping
- Government employee pay, benefits, personnel management
- Government ethics and transparency, public corruption
- Government information and archives
- Government lending and loan guarantees
- Government studies and investigations
- Government trust funds
- Housing and community development funding
- Housing finance and home ownership
- Inflation and prices
- Insurance industry and regulation
- Intergovernmental relations
- Judicial review and appeals
- Legal fees and court costs
- Licensing and registrations
- Life, casualty, property insurance
- Low- and moderate-income housing
- Performance measurement
- Poverty and welfare assistance
- Public contracts and procurement
- Public-private cooperation
- Residential rehabilitation and home repair
- Securities
- State and local finance
- State and local government operations
- Urban and suburban affairs and development
- User charges and fees
Text 1
Each version as it was printed, newest first.
- Jun 22, 2023Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
